Page 207 - 2018 Village Ordinance Book 122818

RESOLUTION NO. 2018-56

RESOLUTION APPROVING AN AMENDMENT TO THE PROJECT PLAN AND
BOUNDARIES OF TAX INCREMENTAL DISTRICT NO. 4,
VILLAGE OF STURTEVANT, WISCONSIN

WHEREAS, the Village of Sturtevant (the “Village”) has determined that use of Tax Incremental
Financing is required to promote development and redevelopment within the Village; and

WHEREAS, Tax Incremental District No. 4 (the “District”) was created by the Village on
September 6, 2016 as a mixed-use district; and

WHEREAS, the Village now desires to amend the Project Plan and boundaries of the District in
accordance with the provisions of Wisconsin Statutes Section 66.1105 (the "Tax Increment Law"); and

WHEREAS, such amendment will cause territory to be added to the District, providing incentive
and opportunities for additional private development and redevelopment; and

WHEREAS, such amendment will also modify the costs of the Projects to be undertaken, providing
incentives and opportunities for additional private development and redevelopment; and

WHEREAS, an amended Project Plan for the District (the “Amendment”) has been prepared that
includes:

a. A statement listing of the kind, number and location of all proposed public works or
improvements within the District, or to the extent provided in Wisconsin Statutes Sections
66.1105(2)(f)1.k. and 66.1105(2)(f)1.n., outside of the District;

b. An economic feasibility study;
c. A detailed list of estimated project costs;
d. A description of the methods of financing all estimated project costs and the time when the

related costs or monetary obligations are to be incurred;
e. A map showing existing uses and conditions of real property in the District;
f. A map showing proposed improvements and uses in the District;
g. Proposed changes of zoning ordinances, master plan, map, building codes and Village

ordinances;
h. A list of estimated non-project costs;
i. A statement of the proposed plan for relocation of any persons to be displaced;
j. A statement indicating how the amendment of the District promotes the orderly development

of the Village;
k. An opinion of the Village Attorney or of an attorney retained by the Village advising that the

plan is complete and complies with Wisconsin Statutes Section 66.1105(4)(f).

WHEREAS, prior to its publication, a copy of the notice of public hearing was sent to the chief
executive officers of Racine County, the Racine School District, and the Gateway Technical College
District, and any other entities having the power to levy taxes on property located within the District, in
accordance with the procedures specified in the Tax Increment Law; and

WHEREAS, in accordance with the procedures specified in the Tax Increment Law, the CDA, on
June 7, 2018 held a public hearing concerning the proposed amendment to the Project Plan and boundaries
of the District, providing interested parties a reasonable opportunity to express their views thereon; and

Village of Sturtevant Wisconsin TID No. 4 Amendment Village Board Resolution